Charitable Contributions and Community Engagement - The company made charitable donations of approximately 161,000 MYR during the reporting period, an increase from 92,000 MYR in 2022[27] - Infinity plans to donate a laboratory built from shipping containers to promote research output at the university and inspire student interest in logistics[54] - The company emphasizes the importance of community engagement to understand local needs and ensure business activities consider community interests[37] - The company engages in community investment and charitable activities to fulfill its social responsibilities[123] Employee Development and Training - The company has implemented a training and development program focused on creating a motivated workforce to meet new challenges and align with both short-term and long-term goals[4] - The company conducts annual training needs analysis (TNA) to create a comprehensive training calendar that supports individual and organizational goals[4] - The company has established training programs to enhance employees' knowledge and skills related to their job responsibilities[63] - Infinity is focused on developing industry-relevant talent through partnerships and participation in events like the Robofun & Robothon Industry Challenge Demo Day 2023[54] Governance and Compliance - The company is committed to best corporate governance practices and has adhered to the Hong Kong Stock Exchange's corporate governance code during the reporting period[45] - The board of directors confirmed compliance with the corporate governance code and has reviewed related policies and practices[88] - The company has a policy for reviewing and monitoring compliance with legal and regulatory requirements[88] - The company has established procedures for directors to seek independent professional advice at the company's expense when necessary[76] Financial Performance - The company's revenue for 2023 was approximately 371,105,000 MYR, an increase of about 4.0% compared to 356,870,000 MYR in 2022[200] - Gross profit for 2023 was approximately 68,941,000 MYR, a decrease of about 10.0% from 76,636,000 MYR in 2022, resulting in a gross margin of approximately 18.6%[200] - Net profit for 2023 was approximately 18,379,000 MYR, down from 35,882,000 MYR in 2022[200] Environmental and Social Responsibility - The company has implemented a governance framework for environmental, social, and governance (ESG) matters, with a dedicated committee to coordinate efforts across departments[144] - The company has implemented various measures to reduce air pollutant emissions, greenhouse gas emissions, and waste generation density, using 2021 as the baseline year[152] - The company is committed to promoting green logistics and environmental policies to support sustainable logistics systems and reduce carbon footprints[150] - The board is committed to sustainable development and has established short-term and long-term sustainability goals to achieve continuous emission reductions[139] Supplier and Quality Management - The company regularly reviews supplier performance, turnaround times, and pricing terms before renewing contracts[11] - The company has a quality control team responsible for maintaining and reviewing quality management procedures to ensure high service standards[16] - The company has a zero-tolerance policy towards bribery and corruption, ensuring that only suppliers with a good track record are selected for partnerships[13] Risk Management - The company has not reported any significant non-compliance or violations related to anti-corruption activities during the reporting period[51] - The company continues to monitor foreign exchange risks and will consider using appropriate derivative instruments if necessary[155] - The company has no significant contingent liabilities as of December 31, 2023[158] Strategic Planning and Future Outlook - The company remains optimistic about the future of logistics in Malaysia and is committed to sustainable development and carbon neutrality[196] - The company is focused on developing intermodal terminals along the KTM railway line and plans to expand strategically along the ECRL railway line in the future[199]
鹰辉物流(01442) - 2023 - 年度财报